IoT isn’t just a fancy buzzword that describes how your refrigerator can let you know when you need to replace your spoiling milk or your rotting vegetables (although it can), it is so much more. How much more is only left to your imagination and to your budget. You can do as little or as much with IoT as you want. For example, if you operate food distribution business, you could install sensors in your trucks that send temperature, humidity, and dock-to-dock travel times back to your home office for analysis. You can also more accurately track the exact expense required to deliver each food product or container to the customer.
The Internet of Things is not just about gathering of data but also about the analysis and use of data.